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Open A Swiss Bank Account. Don't Listen To Hollywood!

Aug 17, 2007
Are you one of those lucky individuals that just happen to have wads of cash hanging around doing nothing? There's certainly an abundance of spare money around these days and more folks than ever before are finding themselves in a position of wealth they never dreamed possible. They call this 'New Money'. All the 'Old Money' that's been accumulated, saved, and invested by generations of families, are experts in money management! These guys know all the legal loop holes that enable them to keep a lot of their hard earned income out of the coffers of the federal government. One such method is to open a Swiss bank account.

I'm no multi millionaire you understand, but I've done a lot better for myself than I ever thought I would do. Even at the tender age of just 40 years I've managed to accumulate a fair amount of personal income, and have been looking into opening an off-shore account of some sorts. During a bit of research, I saw there were some benefits if I were to open a Swiss bank account. Swiss bank accounts are notorious for being safe and secure places to invest money for genuine investors.

Now don't get me wrong here, I'm not into tax evasion as I think it's just and proper to contribute taxes to the society in which you live. But by golly, doesn't the tax man get a bit greedy sometimes! I'm all for paying my fair share, but the government treasury department would have the shirt of your back given half the chance. Now if they managed their money a little better, perhaps we wouldn't need to pay so much tax in the first place!

Hmm! I wonder if the likes of Britain's Richard Branson and America's Bill Gates have any cash stashed away in Swiss bank accounts. Although you don't need to go to Switzerland in person to open a Swiss Bank account, it is actually the preferred procedure. However, many busy professionals get a trusted agency to open one on their behalf.

Hollywood would have us believe that the only people to open a Swiss Bank account are the super rich, criminals, crooked government officials, or sneaky greedy folks trying to hide their ill gotten gains, but this really is a misconception. In actual fact, the Swiss Banks welcome accounts from the world over, and especially the West. I've since discovered that there are hoards of average Americans with accounts all over Switzerland. And despite what the movies would have us believe, the main reason folks open a Swiss bank account is because of the top level of Privacy & Security.

Hop online today and check out the big 5. It certainly makes for an interesting read. Here they are in no particular order: The Swiss Credit Bank in Zurich; The Swiss Volksbank in Berne; The Bank Leu (AG) in Zurich; The Union Bank of Switzerland, and The Swiss Bank Corporation in Basel.
About the Author
Gary Tooth is a proficient writer for MakeOutMoney dot com where he has articles on How to Make Extra Money and Wiring Money. He also has other 'Money' related pieces on the site.
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